Ascent Group LLC Takes $545,000 Position in Autodesk, Inc. $ADSK

Ascent Group LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, HoldingsChannel reports. The fund acquired 2,082 shares of the software company’s stock, valued at approximately $545,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Freedom Investment Management Inc. boosted its stake in shares of Autodesk by 2.4% during the first quarter. Freedom Investment Management Inc. now owns 1,473 shares of the software company’s stock valued at $386,000 after purchasing an additional 34 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of Autodesk by 34.9% during the first quarter. Financial Network Wealth Advisors LLC now owns 143 shares of the software company’s stock valued at $37,000 after purchasing an additional 37 shares in the last quarter. Oregon Pacific Wealth Management LLC lifted its position in Autodesk by 4.0% during the first quarter. Oregon Pacific Wealth Management LLC now owns 999 shares of the software company’s stock valued at $262,000 after acquiring an additional 38 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in Autodesk by 30.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 177 shares of the software company’s stock valued at $46,000 after acquiring an additional 41 shares during the last quarter. Finally, Sky Investment Group LLC lifted its position in Autodesk by 0.5% during the first quarter. Sky Investment Group LLC now owns 8,338 shares of the software company’s stock valued at $2,183,000 after acquiring an additional 42 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 0.4%

NASDAQ ADSK opened at $323.80 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.91. The company has a fifty day simple moving average of $300.14 and a two-hundred day simple moving average of $286.15. Autodesk, Inc. has a 12-month low of $232.67 and a 12-month high of $329.09. The stock has a market cap of $68.97 billion, a P/E ratio of 67.04, a P/E/G ratio of 2.88 and a beta of 1.49.

Insider Buying and Selling at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total transaction of $1,980,034.74. Following the completion of the transaction, the executive vice president owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $315.10, for a total transaction of $869,991.10. Following the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,860 shares of company stock worth $14,045,061. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ADSK has been the subject of a number of analyst reports. Oppenheimer increased their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. BMO Capital Markets increased their target price on shares of Autodesk from $324.00 to $333.00 and gave the company a “market perform” rating in a research report on Friday, May 23rd. Loop Capital assumed coverage on shares of Autodesk in a research report on Monday, July 21st. They set a “hold” rating and a $320.00 target price for the company. Robert W. Baird raised their price target on shares of Autodesk from $345.00 to $363.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Royal Bank Of Canada raised their price target on shares of Autodesk from $345.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $356.83.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.